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OUE

SGX:LJ3
Snowflake Description

Moderate growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LJ3
SGX
SGD2B
Market Cap
  1. Home
  2. SG
  3. Real Estate
Company description

OUE Limited, an investment holding company, develops, owns, and operates various real estate properties in Singapore, the People’s Republic of China, the United States, Japan, and internationally. The last earnings update was 11 days ago. More info.


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LJ3 Share Price and Events
7 Day Returns
-2.2%
SGX:LJ3
0.5%
SG Real Estate
0.3%
SG Market
1 Year Returns
-2.2%
SGX:LJ3
-7%
SG Real Estate
-6.2%
SG Market
LJ3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
OUE (LJ3) -2.2% 2.3% 19.7% -2.2% 4.5% -22.1%
SG Real Estate 0.5% 2.7% 6.5% -7% 6% -4.9%
SG Market 0.3% 3.1% 3.7% -6.2% 8.5% -3%
1 Year Return vs Industry and Market
  • LJ3 outperformed the Real Estate industry which returned -7% over the past year.
  • LJ3 outperformed the Market in Singapore which returned -6.2% over the past year.
Price Volatility
LJ3
Industry
5yr Volatility vs Market

Value

 Is OUE undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of OUE to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for OUE.

SGX:LJ3 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.2%
Perpetual Growth Rate 10-Year SG Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SGX:LJ3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.099 (1 + (1- 17%) (223.39%))
2.431
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (2 * 5.96%)
14.22%

Discounted Cash Flow Calculation for SGX:LJ3 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for OUE is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SGX:LJ3 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 14.22%)
2019 433.00 Analyst x1 379.08
2020 362.00 Analyst x1 277.46
2021 319.33 Est @ -11.79% 214.28
2022 295.19 Est @ -7.56% 173.42
2023 281.61 Est @ -4.6% 144.84
2024 274.49 Est @ -2.53% 123.60
2025 271.52 Est @ -1.08% 107.04
2026 271.35 Est @ -0.06% 93.65
2027 273.10 Est @ 0.65% 82.52
2028 276.22 Est @ 1.14% 73.07
Present value of next 10 years cash flows SGD1,668.94
SGX:LJ3 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SGD276.22 × (1 + 2.3%) ÷ (14.22% – 2.3%)
SGD2,370.65
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD2,370.65 ÷ (1 + 14.22%)10
SGD627.09
SGX:LJ3 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD1,668.94 + SGD627.09
SGD2,296.03
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD2,296.03 / 901.52
SGD2.55
SGX:LJ3 Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD2.55
Current discount Discount to share price of SGD1.76
= -1 x (SGD1.76 - SGD2.55) / SGD2.55
30.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price OUE is available for.
Intrinsic value
31%
Share price is SGD1.76 vs Future cash flow value of SGD2.55
Current Discount Checks
For OUE to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • OUE's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • OUE's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for OUE's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are OUE's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:LJ3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SGD SGD0.01
SGX:LJ3 Share Price ** SGX (2019-04-22) in SGD SGD1.76
Singapore Real Estate Industry PE Ratio Median Figure of 38 Publicly-Listed Real Estate Companies 9.52x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 13.26x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of OUE.

SGX:LJ3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:LJ3 Share Price ÷ EPS (both in SGD)

= 1.76 ÷ 0.01

158.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • OUE is overvalued based on earnings compared to the SG Real Estate industry average.
  • OUE is overvalued based on earnings compared to the Singapore market.
Price based on expected Growth
Does OUE's expected growth come at a high price?
Raw Data
SGX:LJ3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 158.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
47.1%per year
Singapore Real Estate Industry PEG Ratio Median Figure of 14 Publicly-Listed Real Estate Companies -0.16x
Singapore Market PEG Ratio Median Figure of 119 Publicly-Listed Companies 1.63x

*Line of best fit is calculated by linear regression .

SGX:LJ3 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 158.34x ÷ 47.1%

3.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • OUE is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on OUE's assets?
Raw Data
SGX:LJ3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SGD SGD4.37
SGX:LJ3 Share Price * SGX (2019-04-22) in SGD SGD1.76
Singapore Real Estate Industry PB Ratio Median Figure of 46 Publicly-Listed Real Estate Companies 0.59x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.75x
SGX:LJ3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:LJ3 Share Price ÷ Book Value per Share (both in SGD)

= 1.76 ÷ 4.37

0.4x

* Primary Listing of OUE.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • OUE is good value based on assets compared to the SG Real Estate industry average.
X
Value checks
We assess OUE's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. OUE has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is OUE expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
47.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is OUE expected to grow at an attractive rate?
  • OUE's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • OUE's earnings growth is expected to exceed the Singapore market average.
  • OUE's revenues are expected to decrease over the next 1-3 years, this is below the Singapore market average.
Annual Growth Rates Comparison
Raw Data
SGX:LJ3 Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:LJ3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 47.1%
SGX:LJ3 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -9.8%
Singapore Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -10.1%
Singapore Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.9%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:LJ3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:LJ3 Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 368 69 1
2020-12-31 675 298 88 3
2019-12-31 756 449 66 2
SGX:LJ3 Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2018-12-31 643 119 10
2018-09-30 668 120 78
2018-06-30 667 118 87
2018-03-31 703 242 89
2017-12-31 754 249 95
2017-09-30 774 283 32
2017-06-30 1,011 560 128
2017-03-31 958 548 147
2016-12-31 884 466 144
2016-09-30 805 431 222
2016-06-30 485 101 129
2016-03-31 446 39 87

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • OUE's earnings are expected to grow significantly at over 20% yearly.
  • OUE's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:LJ3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from OUE Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:LJ3 Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.08 0.08 0.08 1.00
2020-12-31 0.10 0.15 0.07 3.00
2019-12-31 0.07 0.08 0.07 2.00
SGX:LJ3 Past Financials Data
Date (Data in SGD Millions) EPS *
2018-12-31 0.01
2018-09-30 0.09
2018-06-30 0.10
2018-03-31 0.10
2017-12-31 0.10
2017-09-30 0.04
2017-06-30 0.14
2017-03-31 0.16
2016-12-31 0.16
2016-09-30 0.25
2016-06-30 0.14
2016-03-31 0.10

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • OUE is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess OUE's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Singapore market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Singapore market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
OUE has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has OUE performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare OUE's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • OUE's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • OUE's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • OUE's 1-year earnings growth is negative, it can't be compared to the SG Real Estate industry average.
Earnings and Revenue History
OUE's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from OUE Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:LJ3 Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 642.90 10.02 121.76
2018-09-30 668.16 78.44 86.18
2018-06-30 666.79 87.10 97.30
2018-03-31 703.44 88.84 98.27
2017-12-31 754.11 94.56 111.47
2017-09-30 773.93 31.59 126.85
2017-06-30 1,011.11 128.47 125.77
2017-03-31 958.06 147.14 117.59
2016-12-31 884.24 144.37 99.30
2016-09-30 804.75 222.10 98.22
2016-06-30 484.61 129.49 88.95
2016-03-31 445.98 87.49 81.27
2015-12-31 431.49 156.37 86.97
2015-09-30 405.66 203.38 75.68
2015-06-30 412.97 204.85 69.95
2015-03-31 417.47 225.56 67.35
2014-12-31 416.42 1,094.02 68.05
2014-09-30 413.39 900.27 64.40
2014-06-30 426.24 897.18 67.18
2014-03-31 438.11 907.30 70.36
2013-12-31 436.56 -36.56 65.33
2013-09-30 458.52 51.36 66.37
2013-06-30 441.43 61.84 63.47
2013-03-31 426.11 70.05 58.85
2012-12-31 417.96 90.06 54.02
2012-09-30 401.49 137.28 53.08
2012-06-30 385.81 133.21 50.86

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • OUE has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • OUE used its assets less efficiently than the SG Real Estate industry average last year based on Return on Assets.
  • OUE has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess OUE's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
OUE has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is OUE's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up OUE's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • OUE is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • OUE's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of OUE's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from OUE Company Filings, last reported 3 months ago.

SGX:LJ3 Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,139.21 3,504.22 445.38
2018-09-30 4,824.26 3,654.57 557.79
2018-06-30 4,938.41 3,590.23 654.44
2018-03-31 4,952.83 3,585.37 606.18
2017-12-31 4,875.73 3,492.13 698.18
2017-09-30 4,759.83 3,212.77 482.82
2017-06-30 4,764.76 3,269.38 518.94
2017-03-31 4,804.22 3,162.71 454.63
2016-12-31 4,643.81 2,909.28 398.56
2016-09-30 4,592.60 2,990.42 492.27
2016-06-30 4,516.68 3,200.70 442.88
2016-03-31 4,539.28 3,168.81 493.47
2015-12-31 4,764.19 2,924.73 531.92
2015-09-30 4,524.06 2,263.42 794.35
2015-06-30 4,400.67 2,286.52 779.00
2015-03-31 4,443.24 2,084.37 639.24
2014-12-31 4,339.45 2,066.89 430.85
2014-09-30 4,104.03 2,004.59 460.60
2014-06-30 4,086.85 1,980.59 473.32
2014-03-31 4,108.75 2,367.90 887.31
2013-12-31 3,515.02 2,747.75 740.09
2013-09-30 3,734.92 2,460.99 691.16
2013-06-30 3,134.90 2,645.41 152.82
2013-03-31 3,178.91 2,584.46 621.81
2012-12-31 3,173.51 2,574.41 604.64
2012-09-30 3,123.41 2,370.09 460.67
2012-06-30 3,130.33 2,417.41 509.96
  • OUE's level of debt (68.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (77.9% vs 68.2% today).
  • Debt is not well covered by operating cash flow (3.4%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess OUE's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. OUE has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is OUE's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.14%
Current annual income from OUE dividends. Estimated to be 2.2% next year.
If you bought SGD2,000 of OUE shares you are expected to receive SGD23 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • OUE's pays a lower dividend yield than the bottom 25% of dividend payers in Singapore (2.5%).
  • OUE's dividend is below the markets top 25% of dividend payers in Singapore (5.46%).
Upcoming dividend payment

Purchase OUE before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:LJ3 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Singapore Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 278 Stocks 3.9%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:LJ3 Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.04 1.00
2020-12-31 0.04 2.00
2019-12-31 0.03 1.00
SGX:LJ3 Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-04-11 0.020 1.124
2019-02-26 0.020 1.181
2018-04-26 0.030 1.954
2017-08-03 0.030 1.548
2017-04-17 0.060 3.029
2016-11-02 0.040 2.118
2016-08-03 0.040 2.419
2016-04-04 0.020 1.267
2015-11-13 0.020 1.172
2015-08-14 0.020 1.112
2015-04-13 0.020 0.970
2015-02-13 0.020 0.916
2014-08-01 0.030 1.403
2014-04-17 0.030 1.262
2014-02-27 0.030 1.307
2013-11-07 0.070 2.875
2013-08-01 0.070 2.662
2013-04-09 0.110 3.731
2013-02-25 0.110 3.730
2012-11-07 0.060 2.167
2012-08-07 0.060 2.270
2012-02-21 0.060 2.623
2011-11-08 0.040 1.840
2011-08-03 0.040 1.775
2011-02-28 0.040 1.343
2010-11-10 0.040 1.212
2010-08-11 0.040 1.359
2010-05-11 0.000 0.000
2010-04-16 0.000 0.000
2010-02-17 0.000 0.000
2009-11-11 0.000 0.000
2009-08-07 0.000 0.000
2009-05-13 0.000 0.000
2009-04-24 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • OUE is not paying a notable dividend for Singapore, therefore no need to check if the payments are stable.
  • OUE is not paying a notable dividend for Singapore, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of OUE's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of OUE's dividends as it is not paying a notable one for Singapore.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess OUE's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can OUE afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. OUE has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of OUE's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gim Hock Thio
AGE 79
TENURE AS CEO 11.4 years
CEO Bio

Mr. Gim Hock Thio has been the Chief Executive Officer and Group Managing Director of OUE Limited (formerly Overseas Union Enterprise Ltd.) since November 6, 2007. Mr. Thio has extensive experience in engineering, real estate, property management and consultancy. He has held senior executive appointments in numerous companies. He is Chief Executive Officer of Property Development at OUE Limited. Prior to joining the Group, he served as Chief Executive Officer of Target Realty Ltd., an executive director for City Project Management/Property Development at City Developments Ltd. Mr. Hock has been Executive Director of Overseas Union Enterprise Ltd since November 6, 2007. He served as an Executive Director of Hotel Properties Ltd. He served as Executive Director of Target Realty Ltd., since September 1, 2001. Mr. Hock holds a Bachelor of Engineering (Civil) from the University of Malaya and attended graduate school at the Massachusetts Institute of Technology, USA.

CEO Compensation
  • Insufficient data for Gim Hock to compare compensation growth.
  • Insufficient data for Gim Hock to establish whether their remuneration is reasonable compared to companies of similar size in Singapore.
Management Team Tenure

Average tenure and age of the OUE management team in years:

5.5
Average Tenure
51
Average Age
  • The average tenure for the OUE management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Stephen Tjondro Riady

TITLE
Executive Chairman & Chairman of Property Development
AGE
58

Gim Hock Thio

TITLE
Group MD
AGE
79
TENURE
11.4 yrs

Bernard Lim

TITLE
AGE
50

Ng Ngai

TITLE

Patrina Tan

TITLE
Senior Vice President of Retail Marketing & Leasing
TENURE
11.1 yrs

Brian Riady

TITLE
Chief Executive Officer of Hospitality Division
TENURE
0.5 yrs

Isaac Chen

TITLE
Acting Chief Executive Officer of OUE Hospitality Trust
TENURE
0.8 yrs

Shu Lin Tan

TITLE
Chief Executive Officer of OUE Commercial Reit
AGE
45
TENURE
5.5 yrs

Kum Yet

TITLE
Chief Executive Officer of OUE Lippo Healthcare Limited

Victor Tan

TITLE
Chief Executive Officer of First Reit
AGE
51
Board of Directors Tenure

Average tenure and age of the OUE board of directors in years:

9.1
Average Tenure
58
Average Age
  • The tenure for the OUE board of directors is about average.
Board of Directors

Stephen Tjondro Riady

TITLE
Executive Chairman & Chairman of Property Development
AGE
58
TENURE
9.1 yrs

Gim Hock Thio

TITLE
Group MD
AGE
79
TENURE
11.4 yrs

Christopher James Williams

TITLE
Deputy Chairman
AGE
59
TENURE
9.1 yrs

Yi Shyan Lee

TITLE
Chairman of OUE Lippo Healthcare Limited & Chairman of OUE Hospitality Trust
AGE
56
TENURE
1.8 yrs

Kelvin Lo

TITLE
Independent Director
AGE
57
TENURE
12.8 yrs

Boon Ann Sin

TITLE
Lead Independent Director
AGE
60
TENURE
2.3 yrs

Eugene Chan

TITLE
Non-Executive Non-Independent Director
AGE
52
TENURE
9.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
X
Management checks
We assess OUE's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. OUE has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is OUE Limited (SGX:LJ3) Potentially Undervalued?

Less-covered, small caps sees more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing? … So, could the stock still be trading at a low price relative to its actual value. … Let’s take a look at OUE’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

Something To Consider Before Buying OUE Limited (SGX:LJ3) For The 1.2% Dividend

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Historically, OUE Limited (SGX:LJ3) has been paying a dividend to shareholders. … 5 checks you should use to assess a dividend stock

Simply Wall St -

The OUE Share Price Is Down 30% So Some Shareholders Are Getting Worried

By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Most would consider that to be a good thing, so it's counter-intuitive to see the share price declining. … A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity.

Simply Wall St -

What You Must Know About OUE Limited's (SGX:LJ3) Financial Strength

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

Should You Be Tempted To Sell OUE Limited (SGX:LJ3) Because Of Its P/E Ratio?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … To keep it practical, we'll show how OUE Limited's (SGX:LJ3) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Want To Invest In OUE Limited (SGX:LJ3) Today? Read This First

Growth expectations for OUE Limited (SGX:LJ3) are high, but many investors are starting to ask whether its last close at SGD1.49 can still be rationalized by the future potential. … Where's the growth. … Analysts are predicting good growth prospects for OUE over the next couple of years

Simply Wall St -

How Has OUE Limited's (SGX:LJ3) Performed Against The Industry?

Today I will take a look at OUE Limited's (SGX:LJ3) most recent earnings update (30 June 2018) and compare these latest figures against its performance over the past few years, as well as how the rest of the real estate industry performed. … Was LJ3 weak performance lately part of a long-term decline. … LJ3's trailing twelve-month earnings (from 30 June 2018) of S$87.10m has

Simply Wall St -

How Did OUE Limited's (SGX:LJ3) 3.08% ROE Fare Against The Industry?

I am writing today to help inform people who are new to the stock market. … and want to begin learning the link between company’s fundamentals and stock market performance. … Peeling the layers of ROE – trisecting a company’s profitability

Simply Wall St -

Should You Invest In The Real Estate Sector And OUE Limited (SGX:LJ3)?

is a real estate company operating in an industry … Real estate assets usually exhibit distinct and desirable investment features compared to other types of securities, in particular, over a long period of time … Real estate analysts are forecasting for the entire industry,

Simply Wall St -

What Do Analysts Think About OUE Limited's (SGX:LJ3) Future Margins?

As analysts project … earnings growth of 10.37% annualised … it's necessary to take a moment

Simply Wall St -

Company Info

Description

OUE Limited, an investment holding company, develops, owns, and operates various real estate properties in Singapore, the People’s Republic of China, the United States, Japan, and internationally. The company operates through Property Investments, Hospitality, Property Development, Healthcare, and Fund management segments. It develops and manages assets across the commercial, hospitality, retail residential, and healthcare sectors. The company also engages in the rental of investment properties; development and sale of residential and other properties; operation of hotels; provision of hotel management services; and management of real estate investment trusts. In addition, it develops medical real estate, healthcare-related assets, and integrated mixed-use developments; and provides healthcare services. Further, the company is involved in the restaurant and investment trading operations; and operates and manages healthcare facilities, including 12 nursing homes located in cities across Japan and the 163-bed Wuxi New District Phoenix Hospital. The company was formerly known as Overseas Union Enterprise Limited and changed its name to OUE Limited in August 2013. The company was incorporated in 1964 and is based in Singapore. OUE Limited is a subsidiary of OUE Realty Pte. Ltd.

Details
Name: OUE Limited
LJ3
Exchange: SGX
Founded: 1964
SGD1,568,637,596
901,515,860
Website: http://www.oue.com.sg
Address: OUE Limited
50 Collyer Quay,
No. 18-01/02, OUE Bayfront,
Singapore,
049321,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX LJ3 Ordinary Shares Singapore Exchange SG SGD 02. Jan 1992
DB OUE1 Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
1,146
OUE employees.
Industry
Diversified Real Estate Activities
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 12:42
End of day share price update: 2019/04/22 00:00
Last estimates confirmation: 2019/03/07
Last earnings filing: 2019/04/11
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.